Grant of Options, PDMR Dealing

Cornerstone FS PLC
23 February 2024
 

23 February 2024

 

Cornerstone FS plc

("Cornerstone" or "the Company" or "the Group")

 

Grant of Options, PDMR Dealings

 

Cornerstone FS plc (AIM: CSFS), a foreign exchange and payments solutions company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, announces that on 22 February 2024 (the "Grant Date") the Company granted a total of 470,000 options (the "Options") over ordinary shares of 1 penny each in the Company ("Ordinary Shares") to certain employees, including two PDMRs of the Company as follows:

 

Name

Role

Number of Options granted

Nicholas Wilson

Head of Card Programme

220,000

Henry Hatton

Sales Director

200,000

 

The Options, which were granted under the Company's Enterprise Management Incentive Scheme, vest in three equal tranches on the first, second and third anniversaries of the Grant Date and are exercisable at a price of 31.8 pence per Ordinary Share, representing the closing price of the Company's Ordinary Shares on AIM on 21 February 2024, being the day prior to the Grant Date. The vesting of the Options is subject to the individual remaining an employee of the Company. Leavers may exercise vested Options within 90 days of cessation of employment. All Options expire five years after the Grant Date.

Following the grant of the Options, the Company has options outstanding over a total of 5,327,736 Ordinary Shares, representing approximately 9.3% of the Company's current issued ordinary share capital.

Enquiries 

 

Cornerstone FS plc 

+44 (0)203 971 4865

James Hickman, Chief Executive Officer 

Judy Happe, Chief Financial Officer 




SPARK Advisory Partners Limited (Nomad) 

+44 (0)203 368 3550

Mark Brady, Adam Dawes 




Shore Capital (Broker) 

+44 (0)207 408 4090

Daniel Bush, Tom Knibbs (Corporate Advisory)

Guy Wiehahn (Corporate Broking)




Gracechurch Group (Financial PR) 

+44 (0)204 582 3500 

Harry Chathli, Claire Norbury


 

 

About Cornerstone FS plc

 

Cornerstone FS plc (AIM: CSFS) is a foreign exchange and payments company offering multi-currency accounts and payment solutions to businesses and individuals. Headquartered in the City of London, Cornerstone combines a proprietary technology platform with a high level of personalised service to support clients with payments in over 150 countries in 58 currencies. With a track record of over 12 years, Cornerstone has the expertise, experience and expanding global partner network to be able to execute complex cross-border payments. It is fully regulated by the Financial Conduct Authority as an Electronic Money Institution through its wholly owned subsidiary company Cornerstone Payment Solutions Limited.www.cornerstonefs.com  

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 

 1

 

Details of the person discharging managerial responsibilities/person closely associated

 

a)

 

Name

 

 

Nicholas Wilson

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Head of Card Programme

b)

 

Initial notification/amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Cornerstone FS plc

b)

 

LEI

 

 

213800O4IL2RXZ2BZ956

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Options over ordinary shares of 1 penny each



Identification code

GB00BNG7CD28



b)

 

Nature of the transaction

 

 

Grant of options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




31.8 pence

220,000







d)

 

Aggregated information




- Aggregated volume

N/A



- Price

N/A



e)

 

Date of the transaction

 

 

22 February 2024

f)

 

Place of the transaction

 

 

Off market

 

 

 1

 

Details of the person discharging managerial responsibilities/person closely associated

 

a)

 

Name

 

 

Henry Hatton

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Sales Director

b)

 

Initial notification/amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Cornerstone FS plc

b)

 

LEI

 

 

213800O4IL2RXZ2BZ956

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

 

a)

 

Description of the financial instrument, type of instrument

Options over ordinary shares of 1 penny each



Identification code

GB00BNG7CD28



b)

 

Nature of the transaction

 

 

Grant of options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




31.8 pence

200,000







d)

 

Aggregated information




- Aggregated volume

N/A



- Price

N/A



e)

 

Date of the transaction

 

 

22 February 2024

f)

 

Place of the transaction

 

 

Off market

 

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